Mail & Guardian
Mail & Guardian

Savings

latest news & developments
NEDBANK

Your savings just got a major boost from the government. Now’s the time to make the most of it.

There has never been a better time to be a saver in South Africa! From 1 March 2026, the government increased the amount you can invest in a tax-free savings (TFSA) or Tax-Free…

  • Nedbank
4 min read
The Government Employees Pension Fund said on Tuesday that it had temporarily suspended the submission of withdrawal applications from the two-pot retirement system for its members from 7 October to 21 October to allow for a system update.
BUSINESS

Two-pot withdrawal system temporarily suspended for Government Employees Pension Fund

The fund said its system was undergoing an update and would be offline until 21 October

  • Aarti Bhana
1 min read
NEDBANK

What will it take to break the cycle and rewrite SA’s savings story?

Saving means different things to different people. For some, it’s contributing to a retirement fund; for others, it’s stashing money in a bank account or setting some aside for a…

  • Dr Frank Magwegwe, Head of Financial Wellness and Advisory, Nedbank
8 min read
Opening a tax-free savings account is another way to make provision for your golden years, as an alternative or addition to your retirement annuity. (Platinum Wealth)
INVESTMENT

TFSAs are the gymnasts of the retirement savings world

The idea is to get South Africans to save, but it’s best to do your research first to find out if a TFSA is really suited to your needs

  • Staff Reporter
7 min read
Tax-free savings accounts were launched to help South Africans to save more
INTEREST RATES

Making sense of tax-free savings and investment

Have you made the most of your tax-free investment contributions?

  • Staff Reporter
5 min read
Saving money is a matter of training your brain
ADVERTORIAL SUPPLEMENT

​The psychology of successful saving

You CAN save money if you just know how

  • Advertorial Supplement
3 min read
At age 42, Abiy is considerably younger than the old guard and, with the sympathy of many protesters, he appears well suited to the task of assuaging the grievances of the country’s neglected groups. (Reuters/Tiksa Negeri)
ALF JAMES

Call to join quest for financial freedom and security

Retirement industry stakeholders can improve both the country’s retirement and socioeconomic conditions

  • Alf James
7 min read
IRFA vice president Geraldine Fowler
COLLABORATION PROCESS

Collaboration necessary to resolve South African savings crisis

Promoting a culture of saving can help to turn the economy around – particularly for African women

  • Alf James
6 min read
The rand reached R10.96 to the dollar this month from R10.38 in November 2013.
CHILDREN

Call for employers to assist with saving as Sasi launches July Savings Month

Set up tax free savings accounts for your children now

  • Advertorial Supplement
3 min read
David Mc Call
CASH WITHDRAWALS

A great new way to save money

The Tax Free Savings Account is designed to encourage a savings culture, without having to pay tax on the earned interest

  • Thati Segoatle
  • Sfiso Buthelezi
11 min read
Most active fund managers underperform and the fees charged for passive funds are lower.
JSE

Fees can reduce retirement savings

Small differences in fund management fees can be an investment killer in the long term

  • Thalia Holmes
8 min read
The crux of the issue, says senior lecturer at the University of the Witwatersrand Lumkile Mondi, is how to hold the government accountable.
FINANCES

​Tax-Free Savings Accounts: the nitty-gritty

On average, investing in a TFSA saves 1% a year in costs compared to other investments

  • Staff Reporter
4 min read
Clue to question 22
FINANCES

Regulatory changes will ramp up appeal of tax-free savings accounts

From March 1 South Africans can seamlessly transfer money between tax-free accounts

  • Takumi Daling
5 min read
Liberty has been warned that the information will be released incrementally to the ‘dark web’ unless it meets the third parties’ demand for money
ADVERTISING SUPPLEMENT

How to get SARS to subsidise your retirement

Investing in a retirement annuity delivers some tax relief on your contributions

  • Advertising Supplement
4 min read
Patients were turned away from major hospitals this week after the nurses began their industrial action
FINANCES

Tax-free savings accounts – how to maximise the value of the tax benefit

A TFSA is best seen as a long-term investment

  • Staff Reporter
6 min read